Daily Tax Report ®

Canada Mini-Budget Includes Digital Taxes, Anti-Avoidance Plans

Nov. 30, 2020, 9:17 PM

Canada wants to impose several new taxes on foreign digital corporations, tackle tax avoidance, and make changes to a teleworking deduction in a budgetary update unveiled Monday.

Ottawa expects to raise a fresh C$6.5 billion ($5 billion) over five years by applying sales tax, called the Goods and Services Tax, on three major areas of digital commerce and enforcing corporate income tax on all digital giants, the fall economic statement said.

“We will ensure the Canadian economy that emerges from this pandemic is greener, more inclusive, more innovative, and more competitive than the one that preceded it,” Chrystia Freeland,...

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